Vista Investment Partners LLC grew its stake in shares of Alliance Resource Partners, L.P. (NASDAQ:ARLP - Free Report) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 363,672 shares of the energy company's stock after acquiring an additional 16,041 shares during the quarter. Alliance Resource Partners comprises about 3.0% of Vista Investment Partners LLC's holdings, making the stock its 5th largest position. Vista Investment Partners LLC owned 0.28% of Alliance Resource Partners worth $9,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of the stock. Inscription Capital LLC acquired a new position in Alliance Resource Partners in the first quarter valued at $356,000. Exchange Traded Concepts LLC lifted its stake in shares of Alliance Resource Partners by 39.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 101,131 shares of the energy company's stock valued at $2,759,000 after purchasing an additional 28,608 shares in the last quarter. GraniteShares Advisors LLC grew its holdings in shares of Alliance Resource Partners by 6.5% during the 1st quarter. GraniteShares Advisors LLC now owns 100,935 shares of the energy company's stock worth $2,754,000 after purchasing an additional 6,120 shares during the period. First United Bank & Trust acquired a new stake in Alliance Resource Partners during the 1st quarter worth approximately $94,000. Finally, Farther Finance Advisors LLC raised its holdings in Alliance Resource Partners by 321.3% in the first quarter. Farther Finance Advisors LLC now owns 969 shares of the energy company's stock valued at $26,000 after buying an additional 739 shares during the period. 18.11% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Benchmark reiterated a "buy" rating and set a $29.00 price objective on shares of Alliance Resource Partners in a research note on Tuesday, April 29th. Wall Street Zen raised shares of Alliance Resource Partners from a "hold" rating to a "buy" rating in a research report on Sunday, May 4th.
Check Out Our Latest Research Report on Alliance Resource Partners
Alliance Resource Partners Stock Performance
Alliance Resource Partners stock opened at $25.96 on Tuesday. The firm has a market capitalization of $3.33 billion, a PE ratio of 9.41 and a beta of 0.56. Alliance Resource Partners, L.P. has a one year low of $22.18 and a one year high of $30.56. The stock's 50 day moving average price is $26.41 and its 200 day moving average price is $26.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36.
Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). The firm had revenue of $540.47 million for the quarter, compared to analysts' expectations of $556.31 million. Alliance Resource Partners had a net margin of 14.74% and a return on equity of 19.09%. As a group, sell-side analysts expect that Alliance Resource Partners, L.P. will post 2.72 EPS for the current fiscal year.
Alliance Resource Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.80 dividend on an annualized basis and a yield of 10.79%. Alliance Resource Partners's payout ratio is currently 132.08%.
About Alliance Resource Partners
(
Free Report)
Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.
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